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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty. -
Both carriers have extensive reinsurance coverage.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.
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A collision earlier today caused a cargo of jet fuel to burst into flames.
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While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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Almost 300,000 people have been left without power from the storm.
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This loss number covers the property line of business.
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CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”.
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The London D&F market will shoulder most of the losses.
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The reinsurer pegged the market loss at $40bn.
